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10932 Bloomfield St

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Address: 10932 Bloomfield St

California & West + Apartment Buildings

Created date: June 16, 2023

Date last updated: November 4, 2024

Property Description

RE/MAX One Commercial is proud to present 10932 Bloomfield St, an 8-unit pride of ownership multi-family asset located in the prime Toluca Lake submarket of the San Fernando Valley. Built in 1985, this 5,771 square foot property is subject to AB-1482 Rent Control, allowing the new owner to increase rents by up to 10% annually. This income producing property features an attractive unit mix of (1) 3 bed/2 bath unit, (2) 2bed/2 bath units,(1) 1bed/1 bath unit, and (4) studio units. The large studio units have bedroom partitions, however, on title they are listed as studios. Current ownership has spent over $200,000 in recent capital improvements including a new roof (2021), central air in two of the larger units, split HVAC in one studio, remodeling exterior stairs, and new security gates. The recent cosmetic improvements to the entrance and the new landscaping gives the subject property beautiful curb appeal. Tenants enjoy on-site amenities such as gated parking and laundry (owned not leased). The new owner will be able to aggressively capture the remaining 26% upside in rents, as 10932 Bloomfield St remains an attractive property to a wide variety of qualified tenants in the highly coveted submarket of Toluca Lake, California.

Sold

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Broker Details

Chase Simonton

Re/Max One (310) 683-5400 MLS ID: X85641

Key Property Information

Listing Status:	Sold
Sold Date:	22-08-2023
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$2,750,000
No. of Units:	8
Year Built:	1985
Building Size:	5,771 Sq ft
Lot Size:	1,985.00 Acres
No. of Stories:	2
Opportunity Zone:	No
Price per unit:	$375,000